National Bank of Canada (NA) - Net Assets

Latest as of January 2026: CA$33.22 Billion CAD

Based on the latest financial reports, National Bank of Canada (NA) has net assets worth CA$33.22 Billion CAD as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$605.87 Billion) and total liabilities (CA$572.65 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$33.22 Billion
% of Total Assets 5.48%
Annual Growth Rate 9.21%
5-Year Change 80.76%
10-Year Change 179.04%
Growth Volatility 26.17

National Bank of Canada - Net Assets Trend (1993–2025)

This chart illustrates how National Bank of Canada's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for National Bank of Canada (1993–2025)

The table below shows the annual net assets of National Bank of Canada from 1993 to 2025.

Year Net Assets Change
2025-10-31 CA$33.77 Billion +32.17%
2024-10-31 CA$25.55 Billion +7.91%
2023-10-31 CA$23.68 Billion +8.88%
2022-10-31 CA$21.75 Billion +16.40%
2021-10-31 CA$18.68 Billion +14.03%
2020-10-31 CA$16.38 Billion +8.24%
2019-10-31 CA$15.14 Billion +5.44%
2018-10-31 CA$14.36 Billion +12.59%
2017-10-31 CA$12.75 Billion +5.35%
2016-10-31 CA$12.10 Billion +6.58%
2015-10-31 CA$11.36 Billion +8.12%
2014-10-31 CA$10.50 Billion +17.30%
2013-10-31 CA$8.95 Billion +8.65%
2012-10-31 CA$8.24 Billion +9.79%
2011-10-31 CA$7.50 Billion -57.96%
2010-10-31 CA$17.85 Billion +132.66%
2009-10-31 CA$7.67 Billion +1.80%
2008-10-31 CA$7.54 Billion +34.68%
2007-10-31 CA$5.60 Billion +4.34%
2006-10-31 CA$5.36 Billion +5.51%
2005-10-31 CA$5.08 Billion +11.15%
2004-10-31 CA$4.57 Billion +1.76%
2003-10-31 CA$4.50 Billion +2.46%
2002-10-31 CA$4.39 Billion -4.69%
2001-10-31 CA$4.60 Billion +7.15%
2000-10-31 CA$4.30 Billion +14.74%
1999-10-31 CA$3.74 Billion +16.35%
1998-10-31 CA$3.22 Billion -0.25%
1997-10-31 CA$3.23 Billion +26.96%
1996-10-31 CA$2.54 Billion +7.62%
1995-10-31 CA$2.36 Billion -0.01%
1994-10-31 CA$2.36 Billion +17.33%
1993-10-31 CA$2.01 Billion --

Equity Component Analysis

This analysis shows how different components contribute to National Bank of Canada's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 4308.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (October 2025)

Component Amount Percentage
Retained Earnings CA$20.37 Billion 60.31%
Common Stock CA$9.87 Billion 29.21%
Other Comprehensive Income CA$287.00 Million 0.85%
Other Components CA$3.25 Billion 9.63%
Total Equity CA$33.77 Billion 100.00%

National Bank of Canada Competitors by Market Cap

The table below lists competitors of National Bank of Canada ranked by their market capitalization.

Company Market Cap
KKR & Co. Inc.
LSE:0Z1W
 		$55.81 Billion
Shandong Hongchuang Aluminum Industry Holding Co Ltd
SHE:002379
 		$55.87 Billion
Nokia
ST:NOKIA-SEK
 		$55.88 Billion
Assicurazioni Generali SpA
IL:0K78
 		$55.90 Billion
Glencore plc
MX:GLENN
 		$55.35 Billion
Nordea Bank Abp
HE:NDA-FI
 		$55.32 Billion
Digital Realty Trust Inc
NYSE:DLR
 		$55.29 Billion
Dominion Energy Inc
NYSE:D
 		$54.92 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in National Bank of Canada's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 25,550,000,000 to 33,769,000,000, a change of 8,219,000,000 (32.2%).
  • Net income of 4,017,000,000 contributed positively to equity growth.
  • Dividend payments of 1,952,000,000 reduced retained earnings.
  • Share repurchases of 213,000,000 reduced equity.
  • New share issuances of 88,000,000 increased equity.
  • Other comprehensive income increased equity by 68,000,000.
  • Other factors increased equity by 6,211,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CA$4.02 Billion +11.9%
Dividends Paid CA$1.95 Billion -5.78%
Share Repurchases CA$213.00 Million -0.63%
Share Issuances CA$88.00 Million +0.26%
Other Comprehensive Income CA$68.00 Million +0.2%
Other Changes CA$6.21 Billion +18.39%
Total Change CA$- 32.17%

Book Value vs Market Value Analysis

This analysis compares National Bank of Canada's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 2.25x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 29.93x to 2.25x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1993-10-31 CA$6.65 CA$199.08 x
1994-10-31 CA$7.12 CA$199.08 x
1995-10-31 CA$7.01 CA$199.08 x
1996-10-31 CA$7.56 CA$199.08 x
1997-10-31 CA$8.04 CA$199.08 x
1998-10-31 CA$7.79 CA$199.08 x
1999-10-31 CA$9.17 CA$199.08 x
2000-10-31 CA$9.99 CA$199.08 x
2001-10-31 CA$10.79 CA$199.08 x
2002-10-31 CA$10.39 CA$199.08 x
2003-10-31 CA$11.43 CA$199.08 x
2004-10-31 CA$12.13 CA$199.08 x
2005-10-31 CA$13.60 CA$199.08 x
2006-10-31 CA$14.46 CA$199.08 x
2007-10-31 CA$14.38 CA$199.08 x
2008-10-31 CA$17.30 CA$199.08 x
2009-10-31 CA$20.13 CA$199.08 x
2010-10-31 CA$22.06 CA$199.08 x
2011-10-31 CA$19.73 CA$199.08 x
2012-10-31 CA$22.16 CA$199.08 x
2013-10-31 CA$24.90 CA$199.08 x
2014-10-31 CA$29.32 CA$199.08 x
2015-10-31 CA$31.68 CA$199.08 x
2016-10-31 CA$33.22 CA$199.08 x
2017-10-31 CA$36.98 CA$199.08 x
2018-10-31 CA$40.72 CA$199.08 x
2019-10-31 CA$43.77 CA$199.08 x
2020-10-31 CA$48.52 CA$199.08 x
2021-10-31 CA$54.80 CA$199.08 x
2022-10-31 CA$63.80 CA$199.08 x
2023-10-31 CA$69.48 CA$199.08 x
2024-10-31 CA$74.52 CA$199.08 x
2025-10-31 CA$88.29 CA$199.08 x

Capital Efficiency Dashboard

This dashboard shows how efficiently National Bank of Canada utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 11.90%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 13.04%
  • • Asset Turnover: 0.05x
  • • Equity Multiplier: 17.08x
  • Recent ROE (11.90%) is below the historical average (14.19%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1993 8.86% 8.93% 0.05x 21.67x CA$-22.56 Million
1994 9.37% 10.47% 0.05x 19.32x CA$-14.50 Million
1995 10.54% 11.46% 0.04x 21.04x CA$12.50 Million
1996 12.73% 13.58% 0.04x 21.26x CA$68.10 Million
1997 12.39% 12.83% 0.04x 24.00x CA$66.00 Million
1998 11.73% 11.96% 0.04x 26.22x CA$46.50 Million
1999 12.63% 15.27% 0.04x 21.15x CA$86.90 Million
2000 13.30% 14.97% 0.04x 19.81x CA$126.20 Million
2001 13.68% 16.90% 0.04x 18.46x CA$151.40 Million
2002 11.00% 12.19% 0.05x 19.12x CA$38.90 Million
2003 15.23% 17.63% 0.04x 20.12x CA$214.30 Million
2004 17.25% 15.21% 0.05x 21.12x CA$304.60 Million
2005 18.60% 22.89% 0.03x 23.41x CA$395.30 Million
2006 18.19% 22.95% 0.03x 24.39x CA$392.20 Million
2007 11.67% 15.80% 0.03x 24.39x CA$77.30 Million
2008 14.09% 21.91% 0.03x 23.48x CA$225.10 Million
2009 13.19% 15.82% 0.04x 20.40x CA$206.30 Million
2010 14.35% 24.11% 0.03x 21.47x CA$313.20 Million
2011 18.36% 18.79% 0.04x 25.75x CA$541.90 Million
2012 21.62% 30.97% 0.03x 24.64x CA$839.00 Million
2013 17.79% 29.15% 0.03x 23.11x CA$634.70 Million
2014 15.13% 27.95% 0.03x 21.16x CA$498.30 Million
2015 14.68% 28.07% 0.03x 20.47x CA$493.60 Million
2016 10.46% 22.05% 0.02x 20.56x CA$51.80 Million
2017 15.22% 30.48% 0.03x 19.22x CA$665.00 Million
2018 15.35% 30.06% 0.03x 18.78x CA$747.40 Million
2019 15.27% 30.90% 0.03x 19.05x CA$778.20 Million
2020 12.46% 18.36% 0.03x 20.25x CA$403.00 Million
2021 16.81% 35.27% 0.03x 19.04x CA$1.27 Billion
2022 15.56% 35.18% 0.02x 18.57x CA$1.21 Billion
2023 14.09% 34.15% 0.02x 17.89x CA$969.40 Million
2024 14.94% 35.24% 0.02x 18.09x CA$1.26 Billion
2025 11.90% 13.04% 0.05x 17.08x CA$640.10 Million

Industry Comparison

This section compares National Bank of Canada's net assets metrics with peer companies in the Banks - Diversified industry.

No peer company data available for comparison.

About National Bank of Canada

TO:NA Canada Banks - Diversified
Market Cap
$55.75 Billion
CA$77.07 Billion CAD
Market Cap Rank
#408 Global
#3 in Canada
Share Price
CA$199.08
Change (1 day)
-0.91%
52-Week Range
CA$115.20 - CA$200.91
All Time High
CA$200.91
Categories
Companies in Canada Banks - Diversified Banking & Financial
About

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers banking, financing, and investing services to individuals, adv… Read more